UK-headquartered ZenFinex, which calls itself a ‘boutique brokerage’, has appointed Matthew Wright as the new Group Chief Executive Officer. Wright has already joined the broker at its apex position, according to his Linkedin profile.
“I’ve taken the role of Group CEO with a remit to work with the founders to drive this exciting startup to the next stage,” Wright told Finance Magnates. “We have exciting plans, and I can’t wait to see where we can go.”
He comes with extensive experience in the trading industry. He held several other leadership roles and is skilled in handling risk management, proprietary trading, foreign exchange (FX) options, and options.
Before joining ZenFinex, Wright was the CEO at London-based CFDs and financial spread betting broker Capital Index for almost four years. He resigned from that post last July that has been recently filed by its previous operations head Trevor Barwell.
Wright was also the CEO at Destek Markets UK for a brief 12 months period. His most prominent experience was at GAIN Capital’s Forex.com, where he spent almost nine long years as the Chief Operating Officer for the EMEA region.
Time for Expansion
His appointment at ZenFinex’s apex position came at a crucial time when the broker is planning for international expansions.
Nick Cooke, the founder of ZenFinex, earlier revealed the brokerage’s plan to enter markets in Asia and the Middle East. It has already applied for regulatory licenses, but did not reveal the exact jurisdictions it is planning to expand to.
Meanwhile, the broker is also investing heavily in technology and infrastructure as it wants to run on a ‘personal technology, systems and process designs’ model. Last year in August, the FCA-regulated broker raised £5 million in a Series A funding round.
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